City of Williamsburg FY 2014 Budget

Page 21

Desired Outcomes

Observed Results

1. Maintain at least 60% of the 5781 acres within the city limits for public, Colonial Williamsburg, and College land use to preserve Williamsburg’s unique character.

PRIVATELY OWNED, 2,311

Existing Land Use Proportions within the City Limits

CWF OWNED, 1,375

Public, W&M and CWF currently at 60%

PUBLICLY OWNED, COLLEGE 976 OWNED, 1,119

*Source: Williamsburg Planning Department

$1.2

2. Increase overall residential property values in the city by at least 2% annually to maintain quality and character of neighborhoods.

$1.19

Residential Property Assessed Values

$1.20

$1.16 $1.1

$1.13

$1.14

$1.0 Billions

FY 08

FY 09

FY 10

FY 11

FY 12

Average annual increase over five years near level. *Source: Williamsburg City Assessor

$1.2

3. Increase overall commercial property values in the city by at least 2% annually to maintain the quality and character of commercial corridors.

Commercial Property Assessed Values

$1.0

$0.8 $0.6

$0.7

$0.7

$0.7

$0.7

$0.6

$0.4

Average annual increase over five years near level.

$0.2 $0.0 Billions

FY 08

FY 09

FY 10

4. Rehabilitate or build new structures to refresh Williamsburg’s built environment as indicated by at least $50 million in new construction annually.

FY 11

FY 12

*Source: Williamsburg City Assessor

Value of Building Permits Issued

*Source: Williamsburg Code Compliance Division

B-7


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